EXCERPT: “The lack of resale inventory and the shift in the market mix for new construction has pushed up home prices in most markets. While these gains represent a windfall wealth gain for existing homeowners (keep in mind the typical homeowner has a net worth of $231,400 compared with $5,200 for the typical renter, according to the 2016 Federal Reserve Survey of Consumer Finances), these price increases have a negative impact on the ability of prospective first-time home buyers to enter the market.” FULLSTORY: http://bit.ly/2CuB63B

EXCERPT: “There is not enough affordable housing in Minnesota. Adults in our study most often reported losing their housing because they could not afford their rent or mortgage (36 percent), and 22 percent reported that there was no housing available that they could afford.At the time of the study, fair market rent (determined annually by the federal government) averaged $796 per month for a one-bedroom apartment in the Twin Cities and $558 per month in Greater Minnesota. Both of these numbers exceed the $550 median monthly income among homeless adults.” FULLSTORY: http://bit.ly/2ClKc2u